Stating that results for the fiscal third quarter ended Dec. 31 reflect "the increasing severity of the economic downturn," Air France KLM reported a €505 million ($649.4 million) net loss compared to a €139 million profit in the year-ago period. The substantial deficit was created in part by major nonoperating losses, including a €288 million writedown on the fair value of its fuel hedges and a €103 million loss on currency fluctuations. Third-quarter revenue slipped ...

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